What this calculator does

Calculates the net payout from a Two-Pot savings component withdrawal after SARS tax withholding at your marginal rate, and projects what that withdrawal amount could have grown to by retirement if left invested instead.

How to interpret your results

"You'll receive" is your withdrawal after SARS withholds tax via a directive at your marginal rate — this is withheld up front, with your final liability reconciled at your annual tax assessment. "What this withdrawal costs at retirement" shows the projected value of the withdrawal amount if it had stayed invested, so you can weigh the cost of accessing it now against your long-term retirement savings.

Assumptions applied

• The marginal tax rate you select is applied to the full withdrawal amount, reflecting how SARS applies the tax directive for Two-Pot savings withdrawals.
• The opportunity cost projection uses monthly compounding at your expected annual return.
• No further contributions to your savings pot are modelled after the withdrawal.
• Assumes you have no outstanding SARS tax debt that would be deducted from your payout.

What this calculator doesn't account for

• Your actual tax liability may differ once SARS reconciles your tax directive at annual assessment.
• Does not model the impact of this withdrawal on your broader annual tax liability.
• Does not model provident fund vested-pot rules.